A Financial Crisis Is

question 106

Multiple Choice

A financial crisis is

• A)not possible in the modern financial environment.
• B)a major disruption in the financial markets.
• C)a feature of developing economies only.
• D)typically followed by an economic boom.

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Definitions:

Retribution

A principle of justice that prescribes punishment for an offense should be proportionate to the severity of the crime committed.

Retributivist

A theory of punishment that justifies penalizing wrongdoers on the basis that they deserve punishment commensurate with the harm they have caused.

General Deterrence

is a theory in criminology that suggests the prevention of criminal behavior through the threat of punishment, aiming to discourage others from committing similar offenses.

Punishing Innocent

The act of subjecting individuals who have not committed any wrongdoing to punishment.